2640 Emily St, Reno, NV 89503

Property Description

Charming 4BR/4BA Country Farmhouse + Guest House/Studio Apt. — Stunning Views, RV Parking for 8, Near UNR & McQueen HS. Listing Description: Beautiful country farmhouse on the edge of the Old NW, in private setting with expansive views and abundant RV access/parking for up to eight vehicles. This character-filled home features 4 bedrooms and 4 bathrooms, original woodwork, tall 10-ft ceilings, and classic Victorian-era casings and baseboards. Don't let the age fool you, modern upgrades throughout while preserving the homes rich character. The primary suite offers a whirlpool jetted tub, a spacious dual-tiled shower, and adjacent loft/office space. Total living area (including the studio above the garage) is 2,524 sq ft. Spacious walk around basement w/workshop area. Income potential with detached guest studio/apt/In Law Quarters (with it's own entrance) above the garage provides reliable rental income and is ideal for multigenerational living or long-term tenants. Projected rental income: main home $3,150/mo; studio $1,200/mo plus $185/mo utilities — total projected income $4,350/mo ($52,200/gross yr), representing an approximate 6% +/-cap rate and a projected value near $870,000. Please see attached APOD. Location1.1 miles to UNR, near highly regarded McQueen High School, close to elementary schools, churches, shopping, and services makes for a reliable rental. A proposed five-home development on the neighboring parcel is expected to further enhance the area. Perfect for families, pet owners, entertainers, or investors seeking income-producing character property. Located inside the McCarren loop. Minutes from shopping, dining and freeway access. Will not disappoint! See Private Remarks...as well as Additional Docs.